I had this cunning plan that I'd move to Ireland, enjoy their low tax status and gain citizenship by marrying a gorgeous Irish lass and launch a global corporation I have an idea for.
Then I started researching their property markets there.
Cripes! I need the dollar to rebound something fierce!
However, this did remind me of a thought I had.
While the prices may be prohibitive, a country, county, city or state that has such high prices innoculates itself against a whole bevy of societal ills in that it keeps the criminals and non-wealth producers/parasites out of the region. This results in lower crime and other benefits, but if you are allowed to go and work and are surrounded by other people who are allowed to go and work, and nobody's there asking for a handout because they're all too busy working, then an economy to scale takes place and the ability for somebody to make enough money to live there, increases dramatically as well as the wealth producing region of the entire economy (Luxembourgh I often think like this). So kind of in a reverse PPP adjusting sort of way, those prices are maybe not that unaffordable.
The trick is to get in...of course I can't afford it...which makes me one of those parasitic schleps.